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SmarTrend Watching for Potential Pullback in Shares of Workday Inc-A After 2.35% Gain

By Amy Schwartz

Workday Inc-A (NASDAQ:WDAY) traded in a range yesterday that spanned from a low of $192.38 to a high of $198.32. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $197.25 on volume of 1.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Workday Inc-A has traded in a range of $117.24 to $200.00 and is now at $197.80, 69% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.5% while the 200-day MA has risen 0.7%.

SmarTrend is tracking the current trend status for Workday Inc-A and will alert subscribers who have WDAY in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders workday inc-a

Ticker(s): WDAY